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  • Wall Street Breakfast: Must-Know News [View article]
    Hank Johnson, the guy who is worried about Guam tipping over. He makes Sheila Jackson Lee look like a Rhodes Scholar.
    Feb 12 02:15 PM | 7 Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    Being onsite is how I pay my bills. There are 2 basic horizontal completion techiques.
    The most widely used is called plug & perf. In this case the casing is cemented in place at the time the well is drilled. After the drilling rig moves off the 1st stage of the frac is perforated with perf guns conveyed on small diameter coil tubing. You need the rigidity of the steel coil to push the guns to end of the casing. After that you frac the 1st set of perfs. After fracing a composite (high dollar plastic) plug and set of guns attached to a electric/wireline is pumped down the well. The plug is set above the previous set of perfs via a charge detonated via the electric line. After setting the plug the perf guns are pulled up to the next interval to be fraced and the guns are fired - perforating the casing. The wireline is reeled back to the surface and that zone is fraced. After that it is repeated until the entire interval has been treated.
    The othetr basic technique is the ball and sleeve technique described by asdfsd. It also know as "Packers Plus" by the Canadian company who pioneered it. In this case it is an integral part of the casing and is run in when the casing is run by the drilling rig.
    The Ball and Sleeve technique has the advantage of being able to frac all stages much quicker and utilizing an uncemented/openhole casing. It is more expensive than Plug and Perf.
    Plug and Perf has the advantage of lower cost and simplicity. Not much can go permanantly wrong with Plug and Perf (even though Mr. Murphy resides here). In the case of Ball and sleeve if the sleeves do not open for whatever reason (happens quite a bit) then you have lost that section of the hole or the packers do not set you have lack of isolation and all your fracs may only go into a few sections of the lateral.
    There are companies now making sleeves that are run and cemented giving the advantage of cemented casing and the speed of Ball and Sleeve. May be the best of both worlds.
    You can search Plug and Perf or Ball and Sleeve in Bing/Google and get more info.
    Oct 24 11:24 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: General Electric In Talks To Sell Appliance Business [View article]
    I think Mexico is over estimating the impact of foreign investment into the energy sector. The battle between the drug gangs is happening in some of the prime oil and gas areas. Even with combat pay I would not go there.
    Aug 14 11:38 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Someone should do video of Gunnery Sergeant Hartman (R. Lee Ermey) handling a customer complaint from a hipster in a Starbucks.
    Nov 6 09:38 AM | 6 Likes Like |Link to Comment
  • Linn Energy: How Come No One Has Picked Up On This? [View article]
    Drich, water used in a waterflood is generally recycled. It may require an additional 5-10,000 bbl per day net addition. That is not that much.
    You can also used produced water from wells in another field that would normally have to be disposed of.
    Oct 5 09:54 AM | 6 Likes Like |Link to Comment
  • Get Rich From Retiring Baby Boomers With This Little-Known Stock [View article]
    He is out of touch with reality. Perhaps his average baby boomer client has that type of wealth. He needs to take a look at who is working as a greeter at Walmart.
    Dec 29 09:43 AM | 6 Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    When you get into those larger choke sizes what appears to be a small change is really quite big. It's that old "pie are square" (A=π*r^2) deal we were taught way back in geometry.
    Oct 25 12:57 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Can you still buy a Colt 45 maltliquor in a 40 oz bottle in NYC?
    Mar 1 11:54 AM | 5 Likes Like |Link to Comment
  • New EOG Frac Technique Driving Outperformance, Promising For Others [View article]
    The use of CO-2 and/or nitrogen foams have been used for years on conventional wells, both of which are more expensive than a complete water based system. Have not heard of anyone using foams currently on horizontal shales. Years ago foams were used on what was then called the Devonian shale in W. Virginia as that formation was thought to be water sensitive and the use of foam minimized the amount of water. Might be a case for it today's environment but it will take an operator with some pretty big cojones and a big pocketbook to try it.
    As to chemical use there will always be some chemicals used in oil well completions. To make a stabile foam to frac with you need a foaming surfactant for instance. Biocides are also needed to keep from introducing bacteria in a well that can turn a sweet well into a sour (Hydrogen sulfide) well.
    No one seems to mind the use of millions of gallons of pesticides, fungicides, herbicides, fertilizers etc that are sprayed directly on the ground where they directly enter the water table on farms, residential lawns, golf courses etc. Algaecide and water "clarifiers" used in pools/spas are another example.
    Forgive my rant. I just get tired of hearing that Hollywood drivel.
    As to money spent on specialty proppants - there is no doubt that if you use a more conductive proppant you get more production.
    But is that additional production worth the additional cost?
    I have not seen any truly impartial comparisons of use of premium proppants vs raw sand. The one variable that always throws a kink into these comparisons is reservoir quality. It is obvious in every field that some areas are better than others. A comparison that normalizes that variable will carry some weight.
    Nov 7 01:56 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Clayton Williams is as we say "A real piece of work".
    Kind of like Chesapeake he has been way up and way down as an oilman.
    In 1990 he all but had the governor's race locked up until he made a comment to a group of reporters at his ranch during a rainstorm. He compared rain to rape and said "If it's inevitable you may as well sit back and enjoy it". That pretty well opened the door for Ann Richards, the Democratic nominee to win the race decisively.
    Oct 29 11:39 AM | 4 Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    The frac extends 500 to 1,000 ft laterally away from the wellbore. Operators have fraced into adjacent wells that are as much as 1,500 ft away. The distance that the sand travels is subject to the type of fluid used to frac. It it is slickwater (low viscosity) then proppant transport is not very far - maybe 200 ft. If the operator is using a crosslinked polymer gel with high viscosity then proppant may be transported out to 1,000 ft.
    As Fraclt88 said many mesh sizes are used with 40/70 and 30/50 being common with slickwater and 30/50 and 20/40 being used in crosslinked gel.
    Slickwater has the advantage of being a cheap fluid. Crosslinked gel has the advantage of creating wider widths allowing for larger diameter proppants and higher concentations to be used.
    In the 1980's the battle cry for frac companies was PMS - pump more sand!!
    Oct 21 10:56 PM | 4 Likes Like |Link to Comment
  • Bakken Update: EOG Resources' Completion Technology Is A Game Changer [View article]
    Ecosphere (ESPH) and AquaPure (AQPVF) are companies trying to cash in on oil field water treatment as are many others. The treatment of the returned water is fairly simple. It is the logistics of getting it from one place to the other economically that is the challenge. Not sure how much frac water is produced in the Bakken as I do most of my work in the Eagle Ford where produced water ranges from 10-20% of the amount pumped.
    Some conservationists are concerned about the 80% of frac water that is removed from the fresh water cycle, but they fail to realize that one of the by products of burning hydrocarbons is water vapor as well as CO-2.
    Drought conditions in Texas have more of an effect in driving reuse of produced water. As Michael says there are ample disposal wells to handle produced water in most traditional oil and gas areas.

    As to land being tied up by wellsites and facilities operators normally pay a one time "surface damages" fee to the landowner. In cases where the surface owner and the mineral owner are different this is often the only compensation the surface owner gets and sometimes is resolved through contentious negotiations. When the mineral owner and surface owner are one and the same the monthly royalty checks generally more than compensate the owner for loss of use of the land.
    Mar 25 11:58 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Hydraulic fracturing has been in use since the 1950's and horizontal drilling since the early 1990's. It was the marriage of the 2 by George Mitchell of Mitchell Energy that was the spark that made completing shale formations economically feasible.
    To the best of my knowledge no federal help was utilized in either technology unless you assume the use of left over napalm from WWII as a fracturing fluid in the 1950's is a federal subsidy.
    Mar 4 09:45 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    How big will Mr. Johnson's severance package be to compensate him for those "Big mistakes"?
    Feb 28 10:16 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Look again on that bottle of Jack Daniels. It is Tennessee whiskey.
    By law bourbon has to be aged in new, charred oak barrels. Jack is filterred through charcoal to get its smoothness.
    Good whiskey, but not bourbon whiskey.
    Nov 6 12:57 PM | 4 Likes Like |Link to Comment